AUDUSD’s descent seems to have paused yet again at the 0.6767 level, which is the 23.6% Fibonacci retracement of the down move from 0.7081 to 0.6670, turning the pair sideways. Further backing this view is the squeeze in the Bollinger bands and the flattening in the 50- and 200-period simple moving averages (SMAs). The short-term […]